Recession of 2009/Related Articles: Difference between revisions
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imported>Nick Gardner |
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{{r|Automatic stabilisers}} | {{r|Automatic stabilisers}} | ||
{{r|Credit easing}} | {{r|Credit easing}} | ||
{{r|Fiscal}} | {{r|Fiscal}} | ||
{{r|Fiscal stimulus}} | {{r|Fiscal stimulus}} | ||
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Revision as of 10:22, 31 January 2009
Glossary
- Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity [e]
- Credit easing [r]: A method of making credit more available to individuals and businesses by changing the composition of the assets of the central bank towards less liquid and riskier private sector assets. Unlike quantitative easing, it may be done without expanding the money supply. [e]
- Fiscal [r]: relating to taxation and government expenditure. [e]
- Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. [e]
- Monetary base [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). [e]
- Money supply [r]: the economy's stock of those assets that can be quickly exchanged for goods and services. [e]